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How do I know if my Bybit account is verified?
To check whether your Bybit account is verified, you should log into your account and go to the Account & Security or Identity Verification section. If you see a verification badge or a label such as “Lv.
1 Verified” or “Standard Verified” next to your name, it means you have completed the required identity verification steps. If the status shows “Under Review” or “Unverified”, it means the process is not yet complete and you may need to upload your ID, take a selfie, or wait for approval.
Once your account is verified, you will have access to higher withdrawal limits, fiat deposit/withdrawal options and full trading features. Always ensure that your personal information and documents match exactly and are clear to avoid delays.
How long does it take for Bybit to be verified?
The identity verification process on Bybit is designed to be quick and efficient, typically requiring around fifteen minutes from submission of your documents. However, if additional checks are needed or the verification team is managing high volumes, the review can extend to as much as 48 hours.
To ensure the fastest turnaround, make sure your government‑issued ID is valid and clearly legible, your selfie matches the document, and if proof of address is required, the bill or statement is dated within the last three months.
Why can’t I verify my Bybit account?
Photo quality matters: if your identity document image is blurry, cropped, or has glare, it will likely be rejected. A selfie may also be required and it must clearly show your face under good lighting without hats or sunglasses. In some regions you must upload a recent proof‑of‑address document, such as a utility bill or bank statement, dated within the last three months.
Furthermore, there may be restrictions depending on your country of residence, or the type of ID you used might not be accepted. If you’ve submitted several tries too quickly the system might temporarily block further attempts.
Can I trade on Bybit without verification?
However, it’s important to understand the severe limitations you will face if you choose not to verify. According to Bybit’s own FAQ, “Identity Verification of at least Standard level is mandatory for all Bybit products or services.” Here are some of the key drawbacks when you skip verification:
- Your daily and monthly withdrawal limits will be very low — for example unverified accounts have a daily withdrawal cap of up to around 20 000 USDT and a monthly cap of 100 000 USDT.
- You lose access to fiat deposit/withdrawal services, many “buy crypto” options, and special features that verified users get.
- In some regions (particularly regulated ones like the EEA) standard verification is compulsory before you can access most services.
Can I have a two-verified Bybit account?
According to Bybit’s policy, each user (KYC identity) is generally allowed only one main verified account. Sources indicate that registering separate, fully verified accounts under the same identity is not compliant with the exchange’s terms of service.
However, Bybit does provide a legitimate feature: you can create sub‑accounts under your verified main account. These are linked to the main account and do not require separate KYC per sub‑account
Is Bybit illegal in the US?
Bybit is not legally available for U.S. residents to use. The platform’s own terms of service explicitly state that U.S. persons are prohibited from creating accounts or trading on the exchange.
The reason is that Bybit has not registered with key U.S. regulatory bodies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), and thus it does not meet the regulatory requirements for operating in the U.S.
However, the mere use of Bybit by a U.S. resident is not automatically criminal under U.S.
law. Instead, using it is a violation of Bybit’s rules and places the user at certain risks — for example, account suspension, loss of access, or problems withdrawing funds. Because the
Why can’t I withdraw my USDT from Bybit?
First, your funds might be locked. When you deposit USDT (or other assets) into Bybit, the deposit often enters a short “lock period” until the required number of blockchain confirmations is reached. Until then, you won’t be able to withdraw those assets. 1
Second, you may have selected the wrong network or address for withdrawal. For example, if you choose TRC‑20 but the destination only supports ERC‑20, or you forgot to add a memo/tag (if required), then the withdrawal request might fail.
Third, your account might be under a temporary withdrawal restriction. Actions like changing your password, disabling 2FA, changing your email, or adding a new withdrawal address can trigger a 24‑hour suspension on withdrawals for security.
Why is the Bybit withdrawal fee so high?
When you withdraw cryptocurrency from Bybit, the fee may appear unusually high because the platform uses fixed withdrawal fees for each coin and network. These fees are set above the basic blockchain miner costs in order to prioritise faster processing and avoid delays.
Additionally, the fee does not vary with how much you withdraw — whether your withdrawal is large or small, the fee remains the same for that coin/network. This means if you withdraw a small amount, the fee will appear disproportionately large. Also, network congestion or using a more expensive blockchain option can raise the cost passed on in the fee.
Can you trade crypto without SSN?
Many large, regulated U.S.-based exchanges will ask for an SSN (or other government‑issued tax ID) as part of their “Know Your Customer” (KYC) rules and anti‑money‑laundering (AML) regulations. However, there are platforms and alternative methods that allow crypto trading without submitting an SSN.
Some peer‑to‑peer (P2P) platforms, decentralized exchanges (DEXs), and non‑U.S. platforms either don’t require an SSN or only require minimal verification.
Still, just because you can trade without an SSN doesn’t mean you should without understanding what you’re getting into. Here are a few of the key concerns:
Can social security track crypto?
When you hold cryptocurrencies, the Social Security Administration (SSA) cannot directly monitor every digital coin or wallet, but they can treat crypto as assets or income depending on how you received them and how you manage them.
For example, if you earned cryptocurrency as payment for work or through self‑employed mining or staking, then it counts as income and may affect your benefits. On the other hand, simply buying crypto with your own money doesn’t count as income at that moment,
though the value still becomes a resource (asset) under certain benefit programs if you keep it. So yes — in practice there is tracking or treatment of crypto by the SSA, especially when it affects eligibility, but it’s more about how the crypto behaves (income vs asset) rather than surveillance of every transaction.
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FAQ:
- Question: Why should I buy verified Bybit accounts?
Answer: Buying verified Bybit accounts ensures faster account verification, allowing you to start trading quickly with full access to Bybit’s features and security. - Question: Is it safe to buy verified Bybit accounts?
Answer: Yes, buying verified Bybit accounts from trusted sources guarantees a secure and legitimate trading experience, protecting your investments and personal information. - Question: Where can I buy verified Bybit accounts?
Answer: You can buy verified Bybit accounts from reputable online platforms and trusted sellers that offer secure transactions and full verification support. - Question: Can I buy verified Bybit accounts for trading crypto?
Answer: Absolutely! Buying verified Bybit accounts allows you to start trading cryptocurrency on Bybit with a verified account, ensuring enhanced security and access to advanced trading tools. - Question: How fast can I start trading after buying a verified Bybit account?
Answer: After buying a verified Bybit account, you can start trading immediately, as the account is already fully verified and ready for use. - Question: What are the benefits of buying verified Bybit accounts?
Answer: Buying verified Bybit accounts provides instant access to Bybit’s full features, including increased withdrawal limits, enhanced security, and quicker transaction speeds. - Question: Can I buy a verified Bybit account with a high withdrawal limit?
Answer: Yes, verified Bybit accounts typically offer higher withdrawal limits, giving you more flexibility and ease in managing large crypto transactions. - Question: Is there a risk of account suspension when I buy a verified Bybit account?
Answer: When buying a verified Bybit account from a legitimate source, the risk of suspension is minimal, as these accounts comply with Bybit’s security and verification policies. - Question: How do I know if a verified Bybit account is legitimate before purchasing?
Answer: Ensure the seller provides proof of the account’s verification and security measures before you buy a verified Bybit account, and use trusted platforms to minimize risks. - Question: Can I use a verified Bybit account for margin trading?
Answer: Yes, verified Bybit accounts enable you to use margin trading, allowing you to leverage your funds for higher trading potential on the platform.
Conclusion:
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